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(a) The name of the proposed corporation, which shail
end with the legend," Federal Inc. U. S. A.”;
(b) The location of its principal office, which shall be
4 in China;
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(e) The purpose for which it is formed and the
6 character of the business in which it is to engage;
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1 individuals specified in subdivision (f); and the name and
2 address of each such subscriber. If any part of such pay-
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ment is made in property other than cash, no charter shall be
4 issued unless the Secretary of Commerce finds that the
5 property is described and its value stated in the same manner
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as provided in section 9, and that such value is the fair
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(d) The amount of capital stock, the designation of
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market value, and is at least equal to the difference between
8 each class of stock and the terms upon which it is to be
9 issued, and the number and par value of the shares of each
10 class of stock;
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25 per centum of the capital stock and the amount of cash,
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if any, so paid in; and
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(h) The time and place of the first stockholders'
I meeting, which shall be not later than one year after the
issuance of this charter.
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(e) The duration of the corporation, which may be
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for a period of not to exceed fifty years, but the charter thereof may be renewed upon the same conditions as a
charter may be granted origiually;
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(f) The names, addresses, and designations of the directors and of the president, treasurer, and secretary, or 17 corresponding officers, who are hereby authorized to manage 18 the affairs of the corporation until their successors are elected
19 by the stockholders in accordance with the by-laws of the
20 corporation. A majority of the directors and a majority of
such officers shall be citizens of the United States;
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(g) The fact that an amount equal to 25 per centum
of the amount of capital stock has been in good faith sub- 24 scribed and actually paid in cash, personal property, tangible
SEC. 6. That no corporation shall have or use a corporate
name which, in the opinion of the Secretary of Commerce,
15 is likely to mislead the public. No corporation shall main-
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tain any office, including its principal, and home and branel 17 offices, if any, at any place other than in China: Provided,
18 however, That every such corporation shall designate an
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agent in the District of Columbia upon whom service of 20 legal process may be had in suits on causes of action arising
in the United States.
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SEC. 7. That when the application for a charter shall be
23 filed with the Secretary of Commerce, and he finds that
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the application and statements therein conform to the re-
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or intangible, or real property, and is in the custody of the
25 quirements of, and that the incorporation is authorized by,
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